Cloud disruption . . . What does it all mean?

 

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I recently read a newsletter and opinion pieces on “Cloud Disruption” sent from a provider of outsourced (overseas) accounting and financial services.

 

The first thing I needed to do was confirm my understanding of the term “cloud disruption”, to which I now offer my own explanation; of loosely being internet based businesses that change or disrupt traditional business models, that we have accepted over a long period of time.

 

In addition to the understandable opinion of the author, that 100% of compliance based accounting work will eventually be outsourced (which I do not agree with), were examples of “cloud disruption” that I found interesting, and in some cases astounding.

 

My key ‘out-take’ of the internet based businesses that I researched was that we all need to be aware of the new business opportunities, and service delivery methods that are evolving. Failure to stay abreast of the rapidly changing internet businesses may lead to your business model becoming obsolete against more nimble competitors.

 

I suggest you take the time to have a look at some of the different cloud based businesses that have sprung up in recent times. I also suggest we all take the time to be innovative in our own businesses to ensure we are keeping pace with the rapid rate of change that is sweeping the commercial world.

 

Have you seen the Uber.com website, offering the hire of a chauffeured limo? Not that different maybe, but how about “Love Me and Leave Me” which offers the rental of designer hand bags? You can now get someone to wait in a queue for you with Airtasker, rent someones apartment for a night or longer with Airbnb or even raise venture capital through Venture Crowd.

 

Another interesting and innovative site is Liquid Space which offers workspace on demand. You can rent desks, meeting rooms, and other resources such as conferencing technology etc, for as little as $40 for an hour in major capital cities!

 

So what is driving this disruption?

 

One key theme with all of these cloud businesses is they are all relatively low on capital or asset investment needs. This is a distinct advantage to other under capitalized entrepreneurs with bright ideas.

 

In many cases, the lateral thinking of the “cloud entrepreneur” actually uses other people’s assets to create their own business. The centralizing of the search process delivers both an expansive business model for the website, and also offers a better and higher return for the traditional asset owner. One could call this a “win/win” situation!

 

Open your eyes, open your mind and ensure your business is always thinking of better ways to offer your goods and services, and also to take advantage of other offerings available to you in the supply chain.

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